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Saturday, February 27, 2021

Hedge funds boost their bearish bets on US stocks

Hedge funds are slowly boosting their bearish bets on the US stocks as overstretched valuations and Sino-US tussle make risk assets vulnerable to pullback. 

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Net shorts in the S&P 500 E-mini futures rose to their highest level in two months in the week ended Aug. 11, according to a Bloomberg report. 

A potential sell-off in the equity markets would bode well for the anti-risk currencies like the Japanese yen and the US dollar and weigh over the high-beta Aussie dollar.

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